Dubai’s real estate market has exceeded expectations in 2024, continuing its upward trajectory.
Total sales value: AED 423.15 billion (+35% YoY)
Transactions: 695,608 (+9% YoY)
Average price per sq.ft.: AED 1,702 (+6% YoY)
A Significant Year for Off-Plan Properties
2024 marked a standout year for Dubai’s off-plan property market, consolidating its position as a key driver in Dubai’s overall real estate performance. Key highlights from the off-plan market include:
Off-Plan Sales & Resales: AED 233.19B (+53% YoY)
Transactions: 106,688 (+66% YoY)
Average price per sq.ft.: AED 1,838 (+1% YoY)
This surge in activity reflects a robust demand for premium properties, strategic project launches, and continued foreign investment, underscoring Dubai’s off-plan market as a top choice for long-term investment.
Top Performing Communities
Dubai’s real estate market saw impressive growth in 2024, with two standout communities, Arabian Ranches 2 and Villanova achieving strong performance:
Arabian Ranches 2: 5.5% rental yield with a 22% increase in price/sq.ft.
Villanova: 8.9% rental yield and a 22% increase in price/sq.ft.
Emerging Opportunities in 2025
As Dubai’s property market continues to evolve, certain communities show strong growth potential, making them key areas for investment in 2025. These emerging hotspots highlight the demand for well-located, family-friendly, and high-yielding properties:
Victory Heights: With a 5.3% rental yield and a 23% rise in price/sq.ft, Victory Heights has become increasingly attractive to investors looking for long-term growth.
Jumeirah Village Triangle (JVT): A 40% increase in price/sq.ft and a 3.3% rental yield signal growing interest in JVT, positioning it as a strong contender for future investments.
“All indications are, from all the people I’m talking to, there’s going to be many people moving here. It’s not just people coming here to work, its people coming here to retire, people coming here to invest, selling up wherever they are in the world and bringing that money here to Dubai.” – Steven Leckie, Associate Director — Off Plan & Investment